Oilprice
The oil goes overboard (2030-2040)Today's energy crisis is not a sign of strength of the oil companies, it is rather witness to the fact that the world economy has a very high productivity, still partly based on fossil fuels, but now moving towards properly renewable and alternative resources. I believe that the tops we will reach in the next few months will only accelerate the transformation into properly renewable energies. Oil demand will drop rapidly in the next decades, altough the demand will remain for some products (plastics, mechanics, etc.).
This is not a trading recommendation, nor an advise to buy or sell anything.
OIL SHORT :(As I mentioned 10 months ago about the worst World Crisis of 2023. I wanted to share this analysis on the price of OIL and its derivatives, as well as gasoline, it will be affected and is being affected along with oil.
There are many indicators that indicate the coming crisis of 2022-2023... This crisis, the worst of all, "The crisis of everything" creates a gigantic DOMINO effect.
MASSIVE MONEY PRINTING, Inflation, Oil inflation, transport price rise, food price rise, real estate inflation and exorbitant prices, etc....
It's very simple: when the first "domino" falls and begins to push the rest (the bubble bursts), and I reach the "domino" of oil, there will be a SUPPLY SHOCK in Oil and its derivatives, obviously. People will not be able to afford the exorbitant and INFLATIONARY prices of Oil and derivatives.
There will be no time nor will it be possible to reduce the SUPPLY in advance, because by reducing the SUPPLY at this moment, as there is a high level of demand right now. The price of oil and gasoline will rise shamelessly... It would be UNSUSTAINABLE and would produce new bubbles ("refilled with oil") distributed by all the oil companies, gas stations, and in turn throughout the world. Where they are, they WILL BURST IMMEDIATELY "when exposed to transportation traffic."
I also wanted to talk to you about the Gas Stations and their arrangements with the Bank...
Banks hold Oil as well as Gold and other financial assets. Imagine that a bank has a paper that says that it has $1B dollars in oil, and this oil was provided by a gas station and/or its relations and suppliers of this gasoline / oil.
When the gas station goes BANKRUPT, the paper that the bank owned will become "Wet Paper"... Please think about it...
The number of gas stations that can go bankrupt and the number of producers of oil and its derivatives that can be greatly affected.
As you can see in the graph this is my analysis and I think that Oil will not be saved from this crisis...
I AM NOT RESPONSIBLE OR A FINANCIAL ADVISOR, PLEASE DO YOUR OWN INVESTIGATION IF YOU WISH TO INVEST.
Thank you very much for reading and a like will be appreciated ;)
OIL on Daily support lineOil on daily dynamic trendline support line
Taken support from highest Fib Ret value 0.38 nice entry point for long with Low Risk High Reward.
Oil Short via Direxion's Inverse $DRIPI have entered a leveraged (2X) short in #oil, via Direxion's Inverse $DRIP ETF.
NOTE: This post shows "LONG" because I have BOUGHT $DRIP; #Oil, as the asset class - I am viewing as a SHORT.
Not much else to say, other than the #oil #selloff is underway after forming what I see as a double top (see WTICOUSD) and a good risk/reward entry to short.
I will continue to provide updates on this one, and as usual, the chart will dictate how to manage the trade.
You may recall, I bought oil, via Direxion's $GUSH ETF back in September 2021 (returning over 50%); I officially closed the oil-long ($GUSH) position in April 2022.
Let’s see if the oil selloff translates at the gas pump.
God Bless!
BCOUSDCount for Brent Crude oil (BCOUSD) starts from covid low at $17.52 in April 2020
Vessels of oil where turned back at sea during lockdown. Supply was enormous, drove crude oil prices to negative territories which made headlines- something beautiful to have witness. LOL
Five wave up from April 2020 low to March 8 2022 high
March 8 2022 high of $135.84 is holding up strong, so far am tracking 1-2 formation decline which seems to suggest a zig-zag correction 5-3-5 (too early to call)
High prices in crude oil may/could/should have peaked.
Consumers may be looking forward to some relieve in the near term as price seems to cool off.
Zig-Zag correction means bears are coming in strong and if formation holds true it means the market likes whatever is been done to fix the high oil price at least in the near term.
decline below Wave B at $100.35 confirms high at 127.02 is in place
ideal entry would be price below $100.35 with stops slightly above 127.02
Disclaimer: We accepts no liability whatsoever for any loss or damage that may result, directly or indirectly, from any forecast or opinion, information or omission, whether negligent or otherwise, within this report
6/12/22 XLESPDR Select Sector Fund - Energy Select Sector ( AMEX:XLE )
Sector: Miscellaneous (Investment Trusts/Mutual Funds)
Market Capitalization: $--
Current Price: $88.71
Breakout price: $90.50
Buy Zone (Top/Bottom Range): $84.30-$74.05
Price Target: $112.00-$114.20
Estimated Duration to Target: 133-140d
Contract of Interest: $XLE 9/16/22 90c
Trade price as of publish date: $5.90/contract
Crude Oil Short / Long SetupLong or Short game plan:
Short Order:
✔️ Entry: $120.25
⛔ Stop: $122.34
🤑 Profit: $116.26
By all means I would have shorted the level here, but what worries me is the massive amounts of shorts that have piled up. If price bounces off the $119.19 level and then starts trending up, going through the upper trendline of $122.10, we may very well see a short squeeze.
With that being said, if price does go up a little bit, giving me a better Risk:Reward ratio, then I will take my chances.
Gas prices to rise 5-10%Due to the lack of supply from the OPEC and the US' production slowdown and the Russian invasion of Ukraine, the prices of gas have increased significantly.
In the next couple of weeks, the prices of gas are expected to increase by 5-10%. This will continue to increase throughout the summer of 2022. China's demand for crude oil is expected to rise as the Covid Lockdowns come to an end.
Crude Oil Prices are likely to remain above $115 for the rest of the year.
Crude Oil, Most probable play in H1 Time frame.Targets are shown on the chart:
Next possible play:
1. Up to 105-107
2. Down to 96-98
3. Up to 132-135
Good luck !
BTCUSDT DailyBitcoin in the daily time frame can experience a return to the top to test and get out of the bullish wedge , but given the strong supply area in the range of $ 40,000, I do not expect the supply range to break in the downside range, we can test the range of $ 26,000.
👤SecondChanceCrypto
📅02.june .22
⚠️(DYOR)
Will Laredo Petroleum correct its rally soon?Based on historical movement, the peak could occur anywhere in the larger red box. The final targets are in the green boxes. The pending bottom should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated SELL on May 27, 2022 with a closing price of 83.65.
If this instance is successful, that means the stock should decline to at least 83.11 which is the top of the larger green box. Three-quarters of all successful signals have the stock decline 5.226% from the signal closing price. This percentage is the top of the smaller green box. Half of all successful signals have the stock decline 8.355% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock decline 15.97% from the signal closing price which is the bottom of the smaller green box. The maximum decline on record would see a move to the bottom of the larger green box. These are the same concepts for the levels in the red boxes as well.
The ends/vertical sides of the boxes are determined in a similar fashion. The trough of the decline can occur as soon as the next trading bar after signal close, while the max decline occurs within the limit of study at 40 trading bars after the signal. A 0.5% decline must occur over the next 40 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 7 trading bars; half occur within 18 trading bars, and one-quarter require at least 34 trading bars.
The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement.
As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
Oil Brent has bullish momentumAfter breaking RED trendline, OIL price will increase dramaticly
A Pullback is possible